Welcome to the world ofUmicore

Introducing Umicore2

Introducing Umicore
History

1800

1850

1900

1950

2000

1853 Asturienne des Mines2010

1985

1805 Vieille-Montagne

1989

Compagnie des Métaux d’Overpelt 19281970

1908 Soc. Gén. Métallurgique de Hoboken
1887

MHO

1989

1919 (Degussa)

2005 Traxys

1919 Société Générale de Minerais

1985

1959 Mechim
1906 Union Minière du Haut-Katanga

2005 Cumerio

19892007 Nyrstar

1981
Union Minière 1981

1901 ACEC

UM
1919 SIBEKA

2001

1990

1873 Degussa (DM)DMC² PMG 2003

3
© 2015 Umicore

4Introducing Umicore
Business model

We are a global materials
technology and recycling
company.
We focus on application
areas where our expertisein chemistry, materials
science, metallurgy andrecycling makes a realdifference.

4

Introducing Umicore
Serving a wide range of industries

AutomotiveRecycling

EnergyChemicalsElectronics

Construction

Optics anddisplays

Precious metals
5Introducing Umicore
The pillars of our strategy

Resource
scarcityMore stringent
emission control

Umicore is the world’s
leading recycler of morethan 20 precious andother metals

Umicore technologies
reduce vehicle emissions
around the world

Electrification ofthe automobileUmicore is a leading
producer of materials forrechargeable batteries
for laptops, mobilephones as well as
electrified vehicles
10Introducing Umicore
Group structure

7

Introducing Umicore
Umicore in figures

Global positioning

Key financials
HQ: Brussels, Belgium

936
3

1,128
1

14,074people

2014

7,694
12
3,034
4

Turnover8.8€ bnRevenues

2.4

€ bn

Recurring EBITDA

442

€m

Recurring EBIT

274

€m

ROCE

12.2%

1,282

20
R&D/technical centres

85

Introducing Umicore
Precious Metals Refining

Introducing Umicore
Hoboken (Antwerp) plant in the 19th century

Introducing Umicore
Hoboken now

11Introducing UPMRIntroducing UPMR
The leading precious metals recycler

unique & innovativetechnology

applying world classenvironmental
standards

excellent services toan internationalcustomer basis

efficient recovery of
17 different metals
from 350,000 t of
raw materials

wide range ofcomplex precious
metals bearing
materials
13

Refining @ UPMR
Core business components

Rawmaterials
supplySampling &assaying

Smelting &refining

Metal sales

Customer support

148

Refining @ UPMR
Closing the materials loopRefined metals

Ores & concentrates

MINES

SMELTERS& REFINERS

Complex mining
concentrates& residues

Industrial by-products

Smelting& refining
residues

Newproducts

New products

INDUSTRY

Recycled
metals

CONSUMERS

Complexproduction scrap

Recycled
metalsComplexend-of-lifematerials

Recyclables

15

Refining @ UPMR
Industrial by-products
Lead/zincCopper

Nickel/PGM

Precious Metals

e.g. lead sulphatee.g. electrolysis slimes

e.g. hydroxidee.g. filter cakee.g. drosses

e.g. mattes

e.g. slags

e.g. impure bullion

WetLumpy/
metallic& many more

Dusty/
free-flowing
e.g. fine drosses

e.g. complex concentrate

16e.g. flue dustRefining @ UPMR
Recyclables

Electronic Scrap

e.g. mobile phones,
printed circuitboardsAu, Ag,Pd, Cu

Spent Automotive
Catalysts

end-of-life
car catalysts

Pt, Pd,Rh

Spent Industrial
Catalysts

industrial catalysts
from oil refining &petrochemicalindustry

Pt, Pd,Rh

Other precious
metal bearing
materials

e.g. fuel cells,
photographic
residues

Ag, In,Se…
1710

Refining @ UPMR
Products

Preciousmetals

Specialmetals

BasemetalsOtherproducts

Aggre-gates

H2SO418

Refining @ UPMR
Not all recycling is the sameUmicore= high tech

Back-yard recycling= low tech

• high precious metals yields• low Au-recovery efficiency• special & base metals
recovered• virtually no recovery of othermetals• high environmental standard,safe elimination of hazardous
substances• dramatic impact on health &environment

1911

Introducing UPMR
Excellence in refining services
Recyclables

17 different metals

Industrial by-products

Sustainability@ UPMR
Environmental and social responsibility

Great place to work

Stakeholder
engagement

Eco-efficiency

Umicore andthe Circular Economy
14

Umicore
29 metals and materials

Umicoreactivities

source: European Commission, Topic Critical Raw Materials for the EU (updated report July 2014)

Critical metals (EU):Be, Co, Ga, Ge, In, Mg,Nb, PGM, Sb, Si, W…

7

Introducing Umicore
Old business model

Minerals

Refining
Metallurgy

Metals25

Introducing Umicore
New business model

Application
know-how

MetalsChemistry
Material science
Metallurgy

Materialsolutions

Recycling26

Umicore
PGMs and their recycling
PGM gauzes
Chemical industryAlloys
PGM Components
Special glass industry

Pt, Rh,Ir, Au
Pt / Rh / Ir / Aumaterialsolutions

Engineeredsolutions

Glass industry

End-user markets© 2015 Umicore

Used components
Secondary RM

11

UmicoreAu, Ag, Pt, Pd and their recycling

Fine metals
Au, Ag, Pt,Pd© 2015 Umicore>> 90% of gold
ever used formaterial
jewellery, coins &solutions
ingotsis still
available

Au, Ag,Pt, Pd

12

Umicore
Ge and its recycling

Optical fibres
Solar Cells and LEDs
Infrared & optics

Gematerialsolutions

By-products
from Zn-mining& coal fly ashes

29© 2015 Umicore

NASA Mars
Exploration Rovers
Spirit andOpportunity

13

Umicore
Co applications and their recycling

Co, Nimaterialsolutions

Cathode matPowders
Oxides
Salts+ Re© 2015 Umicore

14

Message to policy makers 1
Circular economy helps growth & jobs

DirectRecycling chain
Indirect 1st level
Equipment & service
providers
Indirect 2nd level
Secure materials supply forthe manufacturing industry© 2015 Umicore

16

Message to policy makers 2
Recycling is a global value chain

Collection

Electronics

Use

Order ofmagnitude of # 1,000,000,000sof actors
worldwide

WEEECollection

100,000s

Pre-processing

Dismantling

1,000s

Shredding
Sorting

End-processing

MetalRecycling

AgAu
Cu
Pd~ 10Efficient and fast global deployment of high quality recycling activities• needs structured local + regional + national + global collaborations• focus of the stakeholders will speed up the transition• transboundary shipment to good providers needs facilitation© 2015 Umicore

17Message to policy makers 3
Nurture high quality recycling

Nurture high quality recycling by:• Applying Best Available Technology (BAT) and Best Available
Practices (BAP) in the definition of legislation and standards• Supporting it through public procurement• Enforcing legislation on a global scale to reach level playingfields© 2015 Umicore

18Message to business 1
Circular economy creates business opportunities

Circular economy business opportunities creation is supported by• Value chain dialogue and cooperation• Embracing Public – Private Partnerships• Accepting that the transition from “waste” to “raw material” isa societal process that will take its time to reach full
deployment© 2015 Umicore

19Message to business 2
Environmental responsibility and business success compatible© 2015 Umicore

20Message to business 2
Environmental responsibility and business success compatible© 2015 Umicore21

Message to business 3
Integrate sustainability in strategic thinking
The most successful enterprises in the 21st century will be thosethat:• think most carefully about sustainable development issues• anticipate the constraints rather than react to them
• look for opportunities to innovate and to differentiate from asustainability perspective• participate pro-actively in the regulation process
because they will:• have the most sustainable strategies• have the ability to attract the best people37

You always overestimate how much youcan change in one year but you always
underestimate how much you can change
in 10 years
Bill Gates